0001214659-11-002539.txt : 20110805
0001214659-11-002539.hdr.sgml : 20110805
20110805134801
ACCESSION NUMBER: 0001214659-11-002539
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110805
DATE AS OF CHANGE: 20110805
EFFECTIVENESS DATE: 20110805
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: RBF Capital, LLC
CENTRAL INDEX KEY: 0001134621
IRS NUMBER: 680383896
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-06357
FILM NUMBER: 111013562
BUSINESS ADDRESS:
STREET 1: 100 DRAKES LANDING ROAD
STREET 2: SUITE 300
CITY: GREENBRAE
STATE: CA
ZIP: 94904
BUSINESS PHONE: (415) 464-4475
MAIL ADDRESS:
STREET 1: 100 DRAKES LANDING ROAD
STREET 2: SUITE 300
CITY: GREENBRAE
STATE: CA
ZIP: 94904
FORMER COMPANY:
FORMER CONFORMED NAME: RBF LLC
DATE OF NAME CHANGE: 20010213
13F-HR
1
c72511513fhr.txt
FOR THE QUARTER ENDED JUNE 30, 2011
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2011
Check here if Amendment [ ]; Amendment Number:
This amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: RBF CAPITAL, LLC
Address: 100 Drakes Landing Road, Suite 300
Greenbrae, CA 94904
13F File Number: 028-06357
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it that all information contained herein is true,
correct and complete and that it is understood that all required items,
statements, schedules, lists and tables are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Richard B. Fullerton
Title: Managing Member
Phone: 415-464-4478
Signature, Place and Date of Signing:
/s/ Richard B. Fullerton Greenbrae, CA July 25, 2011
-------------------------- --------------------- -------------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 330
Form 13F Information Table Value Total: 254,089 (x$1000)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
RBF CAPITAL, LLC
FORM 13F INFORMATION TABLE - SECOND QUARTER 2011
TITLE
OF VALUE SHARES/ SH/ PUT/ INVSMT OTH VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRTN MGRS SOLE SHARED NONE
=======================================================================================================================
HORIZON LINES, INC. 4.25000000
08/15/2012 CONV FA US DOMESTIC 44044KAB7 1000000 810 SOLE 1000000
ASSET ACCEPTANCE CAPITAL CORP CMN Common Stock 04543P100 114016 461 SOLE 114016
AMERISOURCEBERGEN CORPORATION CMN Common Stock 03073E105 35000 1,449 SOLE 35000
CAMBIUM LEARNING GROUP, INC. CMN Common Stock 13201A107 55484 187 SOLE 55484
ARCTIC CAT INC CMN Common Stock 039670104 30427 409 SOLE 30427
ACE LIMITED CMN Common Stock H0023R105 5000 329 SOLE 5000
ACCENTURE PLC CMN Common Stock G1151C101 15000 906 SOLE 15000
ACTIONS SEMICONDUCTOR CO LTD ADR CMN ADR 00507E107 446501 942 SOLE 446501
AUTODESK INC CMN Common Stock 052769106 14500 560 SOLE 14500
ADVANCE AMER, CASH ADVANCE CMN
CENTERS,INC. Common Stock 00739W107 35545 245 SOLE 35545
AMERICAN EAGLE OUTFITTERS INC (NEW) Common Stock 02553E106 10000 128 SOLE 10000
AEP INDUSTRIES INC CMN Common Stock 001031103 25672 749 SOLE 25672
AETNA INC CMN Common Stock 00817Y108 30000 1,323 SOLE 30000
ALLIED HEALTHCARE INTL INC. CMN Common Stock 01923A109 968117 2,411 SOLE 968117
ASPEN INSURANCE HOLDINGS LTD CMN Common Stock G05384105 42002 1,081 SOLE 42002
AMN HEALTHCARE SERVICES INC CMN Common Stock 001744101 233217 1,940 SOLE 233217
ARLINGTON ASSET INVESTMENT COR*P CMN
CLASS A Common Stock 041356205 15000 471 SOLE 15000
AMERICAN LORAIN CORPORATION CMN Common Stock 027297100 169720 261 SOLE 169720
AFFILIATED MANAGERS GROUP INC CMN Common Stock 008252108 5000 507 SOLE 5000
AMERICAN NATIONAL BANKSHARES CMN Common Stock 027745108 13807 254 SOLE 13807
AMPAL AMER ISRAEL CL A CMN CLASS A Common Stock 032015109 10000 9 SOLE 10000
AON CORPORATION CMN Common Stock 037389103 16000 821 SOLE 16000
APOGEE ENTERPRISES INC CMN Common Stock 037598109 74590 955 SOLE 74590
AEROPOSTALE, INC. CMN Common Stock 007865108 67068 1,174 SOLE 67068
ARROW ELECTRONICS INC. CMN Common Stock 042735100 10000 415 SOLE 10000
ASTA FUNDING INC CMN Common Stock 046220109 120812 1,014 SOLE 120812
ASTRONICS CORP CMN Common Stock 046433108 7528 232 SOLE 7528
AMERICAN EXPRESS CO. CMN Common Stock 025816109 25000 1,293 SOLE 25000
BANK OF AMERICA CORP CMN Common Stock 060505104 155000 1,699 SOLE 155000
EINSTEIN NOAH RESTAURANT GROUP, INC
CMN Common Stock 28257U104 28760 431 SOLE 28760
BANNER CORPORATION CMN Common Stock 06652V208 14285 250 SOLE 14285
BEASLEY BROADCAST GROUP INC CMN CLASS
A Common Stock 074014101 32469 137 SOLE 32469
BRUNSWICK CORP. CMN Common Stock 117043109 23000 469 SOLE 23000
BEL FUSE INC CL-B CMN CLASS B Common Stock 077347300 30212 655 SOLE 30212
BANKFINANCIAL CORP. CMN Common Stock 06643P104 33833 287 SOLE 33833
BJ'S WHOLESALE CLUB INC CMN Common Stock 05548J106 10000 504 SOLE 10000
THE BANK OF NY MELLON CORP CMN Common Stock 064058100 85000 2,178 SOLE 85000
BALDWIN TECHNOLOGY INC CL-A CMN CLASS
A Common Stock 058264102 579908 690 SOLE 579908
BANK OF MARIN BANCORP CMN Common Stock 063425102 6246 221 SOLE 6246
BRADY CORP CLASS-A CMN CLASS A Common Stock 104674106 12000 385 SOLE 12000
BERKSHIRE HATHAWAY INC CL-A (DEL)
CLASSA Common Stock 084670108 10 1,161 SOLE 10
BASSETT FURNITURE CMN Common Stock 070203104 185054 1,458 SOLE 185054
BIOSTAR PHARMACEUTICALS, INC. CMN Common Stock 090678103 10000 11 SOLE 10000
BURNHAM HOLDINGS INC CMN Common Stock 122295108 10968 156 SOLE 10968
BLUEGREEN CORPORATION CMN Common Stock 096231105 158900 466 SOLE 158900
BEAZER HOMES USA,INC. CMN Common Stock 07556Q105 50075 170 SOLE 50075
CITIGROUP INC. CMN Common Stock 172967424 20000 833 SOLE 20000
CA, INC. CMN Common Stock 12673P105 20000 457 SOLE 20000
CACHE INC NEW CMN Common Stock 127150308 101030 498 SOLE 101030
CAMCO FINL CORP CMN Common Stock 132618109 214760 387 SOLE 214760
CALLIDUS SOFTWARE INC CMN Common Stock 13123E500 44700 261 SOLE 44700
CARDTRONICS, INC CMN Common Stock 14161H108 35000 821 SOLE 35000
CHINA INTEGRATED ENERGY INC CMN Common Stock 16948P105 185610 148 SOLE 185610
CAMBREX CORPORATION CMN Common Stock 132011107 40490 187 SOLE 40490
CBIZ, INC. CMN Common Stock 124805102 20000 147 SOLE 20000
COLEMAN CABLE, INC. CMN Common Stock 193459302 107504 1,579 SOLE 107504
CROSS CTRY HEALTHCARE INC CMN Common Stock 227483104 65750 500 SOLE 65750
CITADEL BROADCASTING CORP CMN CLASS A Common Stock 17285T205 21351 712 SOLE 21351
C D I CORP CMN Common Stock 125071100 12497 166 SOLE 12497
CENTRAL BANCORP INC CMN Common Stock 152418109 74005 1,521 SOLE 74005
CAREER EDUCATION CORP CMN Common Stock 141665109 55000 1,163 SOLE 55000
CENTRAL GARDEN & PET COMPANY CMN
CLASS ANON VOTING SHARES Common Stock 153527205 16538 168 SOLE 16538
CULP INC CMN Common Stock 230215105 35000 329 SOLE 35000
C&D TECHNOLOGIES INC CMN Common Stock 124661208 155455 1,447 SOLE 155455
CDC CORPORATION CMN Common Stock G2022L114 35566 74 SOLE 35566
CHEMTURA CORPORATION CMN Common Stock 163893209 10000 182 SOLE 10000
CHICO'S FAS INC CMN Common Stock 168615102 70000 1,066 SOLE 70000
CIGNA CORPORATION CMN Common Stock 125509109 10000 514 SOLE 10000
CLST HOLDINGS INC CMN Common Stock 12564R103 58750 1 SOLE 58750
CUMULUS MEDIA INC CMN CLASS A Common Stock 231082108 186436 653 SOLE 186436
CENTURY BANCORP INC CL-A NON VTG
CLASS A Common Stock 156432106 8573 227 SOLE 8573
CHINA INFORMATION TECH INC CMN Common Stock 16950L109 18650 39 SOLE 18650
CNO FINANCIAL GROUP INC CMN Common Stock 12621E103 60367 478 SOLE 60367
CENTURY CASINOS INC CMN Common Stock 156492100 111365 310 SOLE 111365
CONTINUCARE CORPORATION CMN Common Stock 212172100 30273 187 SOLE 30273
COMPASS DIVERSIFIED HOLDINGS CMN Ltd Part 20451Q104 10300 170 SOLE 10300
CAPITAL ONE FINANCIAL CORP CMN Common Stock 14040H105 22500 1,163 SOLE 22500
COWEN GROUP, INC. CMN Common Stock 223622101 639048 2,403 SOLE 639048
CHEMSPEC INTL LTD ADR CMN ADR 163868102 58914 424 SOLE 58914
COMPUWARE CORP. CMN Common Stock 205638109 60000 586 SOLE 60000
CITIZENS REPUBLIC BANCORP IN CMN Common Stock 174420109 1080082 745 SOLE 1080082
CHROMCRAFT REVINGTON INC COM CMN Common Stock 171117104 42091 64 SOLE 42091
CRAWFORD & CO CL-A CMN CLASS A Common Stock 224633206 10552 53 SOLE 10552
CROWN CRAFTS INC CMN Common Stock 228309100 14428 70 SOLE 14428
CREDIT SUISSE GROUP SPON ADR
SPONSORED ADR CMN ADR 225401108 10000 390 SOLE 10000
COGDELL SPENCER INC CMN REIT 19238U107 280000 1,677 SOLE 280000
CSG SYSTEMS INTL INC CMN Common Stock 126349109 35000 647 SOLE 35000
CARRIAGE SERVICES, INC. CMN Common Stock 143905107 200000 1,132 SOLE 200000
CHARLES & COLVARD LTD CMN Common Stock 159765106 14787 40 SOLE 14787
CONTINENTAL MATERIALS CORP CMN Common Stock 211615307 26190 383 SOLE 26190
CHEVRON CORPORATION CMN Common Stock 166764100 4000 411 SOLE 4000
CYBEROPTICS CORP CMN Common Stock 232517102 38480 373 SOLE 38480
CYTEC INDS INC COMMON STOCK Common Stock 232820100 4000 229 SOLE 4000
DANA HOLDING CORPORATION CMN Common Stock 235825205 70000 1,281 SOLE 70000
DIME COMMUNITY BANCSHARES CMN Common Stock 253922108 10000 145 SOLE 10000
DOVER DOWNS GAMING & ENTMT INC CMN Common Stock 260095104 359997 1,152 SOLE 359997
DIADEXUS INC NEW CMN Common Stock 25245P106 127226 43 SOLE 127226
DEX ONE CORP CMN Common Stock 25212W100 27993 71 SOLE 27993
DISCOVER FINANCIAL SERVICES CMN Common Stock 254709108 50000 1,338 SOLE 50000
DGT HOLDINGS CORP CMN Common Stock 23328R107 184279 1,336 SOLE 184279
D.R. HORTON, INC. CMN Common Stock 23331A109 75000 864 SOLE 75000
DOVER SADDLERY, INC. CMN Common Stock 260412101 377896 1,765 SOLE 377896
DSP GROUP INC CMN Common Stock 23332B106 47237 411 SOLE 47237
DST SYSTEM INC COMMON STOCK Common Stock 233326107 4000 211 SOLE 4000
DESWELL INDUSTRIES INC CMN Common Stock 250639101 78199 232 SOLE 78199
DATALINK CORP CMN Common Stock 237934104 19084 133 SOLE 19084
DEVRY INC DEL CMN Common Stock 251893103 11500 680 SOLE 11500
DOVER MOTORSPORTS INC CMN Common Stock 260174107 78163 147 SOLE 78163
DIXIE GROUP INC CMN CLASS A Common Stock 255519100 43787 189 SOLE 43787
DUOYUAN PRINTING INC CMN Common Stock 26605B109 30415 15 SOLE 30415
EBAY INC. CMN Common Stock 278642103 40000 1,291 SOLE 40000
EDCI HLDGS INC CMN Common Stock 268315207 124500 535 SOLE 124500
EQUIFAX INC CMN Common Stock 294429105 10000 347 SOLE 10000
ENTEGRIS, INC. CMN Common Stock 29362U104 100000 1,012 SOLE 100000
ENSCO PLC SPON ADR ADR 29358Q109 8000 426 SOLE 8000
ENTERCOM COMMS. CORP CLASS A COMMON
STOCK Common Stock 293639100 94006 816 SOLE 94006
EASTERN VA BANKSHARES INC CMN Common Stock 277196101 11000 37 SOLE 11000
ENTRAVISION COMMUNICATIONS CP CMN
CLASSA Common Stock 29382R107 1112393 2,058 SOLE 1112393
EXFO INC SUB VTG SHS Common Stock 302046107 56493 440 SOLE 56493
EXPEDIA, INC. CMN Common Stock 30212P105 37000 1,073 SOLE 37000
FROZEN FOOD EXPRESS INDS INC CMN Common Stock 359360104 520050 1,857 SOLE 520050
FLUSHING FINANCIAL CORPORATION CMN Common Stock 343873105 15000 195 SOLE 15000
FRIENDFINDER NETWORKS INC CMN Common Stock 358453306 13200 54 SOLE 13200
FAIR ISAAC INC CMN Common Stock 303250104 10000 302 SOLE 10000
FLANDERS CORPORATION CMN Common Stock 338494107 75000 248 SOLE 75000
1-800-FLOWERS.COM CMN CLASS A Common Stock 68243Q106 75900 235 SOLE 75900
FLEXSTEEL INDUSTRIES INC CMN Common Stock 339382103 96304 1,408 SOLE 96304
FIRST PLACE FINANCIAL/OHIO CMN Common Stock 33610T109 212060 244 SOLE 212060
FREESEAS INC CMN Common Stock Y26496144 123333 228 SOLE 123333
REDDY ICE HOLDINGS INC CMN Common Stock 75734R105 1024444 2,879 SOLE 1024444
FIVE STAR QUALITY CARE INC CMN Common Stock 33832D106 210885 1,225 SOLE 210885
GLOBAL CASH ACCESS HLDGS, INC. CMN Common Stock 378967103 105182 334 SOLE 105182
GENERAL ELECTRIC CO CMN Common Stock 369604103 60000 1,132 SOLE 60000
GENCOR INDUSTRIES INC CMN Common Stock 368678108 131083 1,005 SOLE 131083
GENERAL MOTORS COMPANY CMN Common Stock 37045V100 30000 911 SOLE 30000
GOOGLE, INC. CMN CLASS A Common Stock 38259P508 2000 1,013 SOLE 2000
GERBER SCIENTIFIC INC CMN Common Stock 373730100 220996 2,460 SOLE 220996
AGRIA CORPORATION SPONSORED ADR CMN ADR 00850H103 183366 183 SOLE 183366
U.S. GLOBAL INVESTORS INC A CMN Common Stock 902952100 36800 265 SOLE 36800
GOLDMAN SACHS GROUP, INC.(THE) CMN Common Stock 38141G104 17500 2,329 SOLE 17500
GLOBAL SOURCES LIMITED CMN ISIN:
BMG393001018 Common Stock G39300101 67846 624 SOLE 67846
GENCORP INC CMN Common Stock 368682100 10000 64 SOLE 10000
HANMI FINANCIAL CORP CMN Common Stock 410495105 55016 59 SOLE 55016
HARVARD BIOSCIENCE INC CMN Common Stock 416906105 33887 181 SOLE 33887
HUTTIG BUILDING PRODUCTS INC CMN Common Stock 448451104 601276 409 SOLE 601276
HARDINGE INC. COMMON STOCK Common Stock 412324303 138000 1,506 SOLE 138000
H&E EQUIPMENT SERVICES INC CMN Common Stock 404030108 50000 700 SOLE 50000
HANGER ORTHOPEDIC GROUP CMN Common Stock 41043F208 15000 367 SOLE 15000
HOOPER HOLMES INC CMN Common Stock 439104100 402203 374 SOLE 402203
HUDSON HIGHLAND GROUP, INC. CMN Common Stock 443792106 410666 2,197 SOLE 410666
DOT HILL SYSTEMS CORP CMN Common Stock 25848T109 20000 57 SOLE 20000
HEELYS, INC. CMN Common Stock 42279M107 289343 660 SOLE 289343
HOLLY CORP $.01 PAR CMN Common Stock 435758305 12990 902 SOLE 12990
HOLLYWOOD MEDIA CORP CMN Common Stock 436233100 454300 668 SOLE 454300
H & R BLOCK INC. CMN Common Stock 093671105 35000 561 SOLE 35000
HORMEL FOODS CORP CMN Common Stock 440452100 15000 447 SOLE 15000
HEIDRICK & STRUGGLES INC. CMN Common Stock 422819102 18206 412 SOLE 18206
HERTZ GLOBAL HOLDINGS, INC. CMN Common Stock 42805T105 19000 302 SOLE 19000
HUBBELL INCORPORATED CLASS B CMN
CLASS B Common Stock 443510201 4500 292 SOLE 4500
MARINEMAX INC CMN Common Stock 567908108 20200 177 SOLE 20200
ICU MEDICAL INC CMN Common Stock 44930G107 9844 430 SOLE 9844
ISHARES DOW JONES U.S. UTILITIES
SECTORINDEX FUND ETF ETP 464287697 11000 909 SOLE 11000
INTEGRATED ELECTRICAL SVC INC CMN Common Stock 45811E301 50000 157 SOLE 50000
INTL.FLAVORS & FRAGRANCE CMN Common Stock 459506101 13500 867 SOLE 13500
INDEPENDENCE HOLDING COMPANY (NEW) Common Stock 453440307 107006 1,117 SOLE 107006
INFORMATION SVCS GRP, INC. CMN Common Stock 45675Y104 564710 1,000 SOLE 564710
INSTEEL INDUSTRIES INC CMN Common Stock 45774W108 191695 2,404 SOLE 191695
INFUSYSTEM HOLDINGS, INC. CMN Common Stock 45685K102 962966 2,080 SOLE 962966
INTERPUBLIC GROUP COS CMN Common Stock 460690100 35000 438 SOLE 35000
IMPERIAL SUGAR COMPANY CMN Common Stock 453096208 10000 200 SOLE 10000
INGERSOLL-RAND PLC CMN Common Stock G47791101 15000 681 SOLE 15000
INVESTORS TITLE CO CMN Common Stock 461804106 6598 263 SOLE 6598
INTERTAPE POLYMER GROUP INC CMN Common Stock 460919103 108533 202 SOLE 108533
ITURAN LOCATION & CONTROL LTD CMN Common Stock M6158M104 10016 141 SOLE 10016
JAMBA,INC. CMN Common Stock 47023A101 25030 54 SOLE 25030
JOHNSON & JOHNSON CMN Common Stock 478160104 13000 865 SOLE 13000
JPMORGAN CHASE & CO CMN Common Stock 46625H100 47000 1,924 SOLE 47000
JPS INDUSTRIES, INC. CMN Common Stock 46624E405 202608 922 SOLE 202608
JOURNAL COMMUNICATIONS INC CMN CLASS
A Common Stock 481130102 76573 396 SOLE 76573
KB HOME CMN Common Stock 48666K109 10000 98 SOLE 10000
KELLY SERVICES INC(CL-A) CMN CLASS A Common Stock 488152208 14744 243 SOLE 14744
KRAFT FOODS INC. CMN CLASS A Common Stock 50075N104 61000 2,149 SOLE 61000
KORN/FERRY INTERNATIONAL CMN Common Stock 500643200 10070 221 SOLE 10070
COCA-COLA COMPANY (THE) CMN Common Stock 191216100 69000 4,643 SOLE 69000
LAWSON PRODUCTS INC CMN Common Stock 520776105 11568 228 SOLE 11568
LIBBEY INC. CMN Common Stock 529898108 50000 811 SOLE 50000
LYDALL INC CMN Common Stock 550819106 160099 1,915 SOLE 160099
LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 22310 383 SOLE 22310
LKQ CORPORATION CMN Common Stock 501889208 32695 853 SOLE 32695
LINCARE HOLDINGS INC CMN Common Stock 532791100 30000 878 SOLE 30000
LOUISIANA PACIFIC CORP CMN Common Stock 546347105 134500 1,095 SOLE 134500
LOTUS PHARM INC CMN Common Stock 545715203 107200 55 SOLE 107200
LSI INDUSTRIES INC CMN Common Stock 50216C108 60520 481 SOLE 60520
LIVE NATION ENTERTAINMENT INC CMN Common Stock 538034109 35000 401 SOLE 35000
MASTERCARD INCORPORATED CMN CLASS A Common Stock 57636Q104 4500 1,356 SOLE 4500
MANPOWER GROUP CMN Common Stock 56418H100 8119 436 SOLE 8119
MATERIAL SCIENCES CORP CMN Common Stock 576674105 831590 6,029 SOLE 831590
MBIA INC CMN Common Stock 55262C100 30000 261 SOLE 30000
MEDNAX INC CMN Common Stock 58502B106 5000 361 SOLE 5000
MAIDENFORM BRANDS, INC. CMN Common Stock 560305104 17658 488 SOLE 17658
MFRI INC CMN Common Stock 552721102 31880 255 SOLE 31880
MAIDEN HOLDINGS, LTD. CMN Common Stock G5753U112 25783 235 SOLE 25783
M/I HOMES INC CMN Common Stock 55305B101 19073 234 SOLE 19073
MCGRAW-HILL COMPANIES INC CMN Common Stock 580645109 51000 2,137 SOLE 51000
3M COMPANY CMN Common Stock 88579Y101 15000 1,423 SOLE 15000
MIDWESTONE FINANCIAL GROUP INC CMN Common Stock 598511103 36100 522 SOLE 36100
MOVADO GROUP INC CMN Common Stock 624580106 19165 328 SOLE 19165
MRV COMMUNICATIONS, INC CMN Common Stock 553477100 1025063 1,415 SOLE 1025063
MORGAN STANLEY CMN Common Stock 617446448 30000 690 SOLE 30000
MICROSOFT CORPORATION CMN Common Stock 594918104 110000 2,860 SOLE 110000
MICROSTRATEGY INC CMN CLASS A Common Stock 594972408 2821 459 SOLE 2821
MGIC INVESTMENT CORP COMMON STOCK Common Stock 552848103 15000 89 SOLE 15000
MATTSON TECHNOLOGY INC CMN Common Stock 577223100 20000 38 SOLE 20000
MENS WEARHOUSE INC (THE) CMN Common Stock 587118100 15000 506 SOLE 15000
NATHANS FAMOUS INC CMN Common Stock 632347100 10093 191 SOLE 10093
NCI BUILDING SYSTEMS, INC. CMN Common Stock 628852204 51461 586 SOLE 51461
NASDAQ OMX GROUP, INC. CMN Common Stock 631103108 10000 253 SOLE 10000
NEWSTAR FINANCIAL, INC. CMN Common Stock 65251F105 11128 119 SOLE 11128
NEW HAMPSHIRE THRIFT BANCSHARES INC Common Stock 644722100 178615 2,385 SOLE 178615
NN INC CMN Common Stock 629337106 89560 1,340 SOLE 89560
NORTHERN TRUST CORP CMN Common Stock 665859104 12000 552 SOLE 12000
OPTICAL CABLE CORP CMN Common Stock 683827208 37674.5 153 SOLE 37674.5
ORIENTAL FINANCIAL GROUP CMN Common Stock 68618W100 20000 258 SOLE 20000
ONE LIBERTY PROPERTIES INC CMN REIT 682406103 51000 787 SOLE 51000
ORACLE CORPORATION CMN Common Stock 68389X105 32000 1,053 SOLE 32000
PACER INTERNATIONAL INC CMN Common Stock 69373H106 10000 47 SOLE 10000
PARLUX FRAGRANCES CMN Common Stock 701645103 14564 47 SOLE 14564
PC-TEL INC CMN Common Stock 69325Q105 26576 172 SOLE 26576
PEPSICO INC CMN Common Stock 713448108 38000 2,676 SOLE 38000
PFIZER INC. CMN Common Stock 717081103 30000 618 SOLE 30000
PROCTER & GAMBLE COMPANY (THE) CMN Common Stock 742718109 5000 318 SOLE 5000
PROGRESSIVE CORPORATION (THE) CMN Common Stock 743315103 75000 1,604 SOLE 75000
PGT INC CMN Common Stock 69336V101 457606 828 SOLE 457606
PHH CORPORATION CMN Common Stock 693320202 37500 770 SOLE 37500
PIPER JAFFRAY COMPANIES CMN Common Stock 724078100 13111 378 SOLE 13111
PARKWAY PROPERTIES INC MD CMN REIT 70159Q104 50757 866 SOLE 50757
PRESIDENTIAL LIFE CORP CMN Common Stock 740884101 374093 3,906 SOLE 374093
PREFORMED LINE PRODS CO CMN Common Stock 740444104 5822 414 SOLE 5822
PHILIP MORRIS INTL INC CMN Common Stock 718172109 6000 401 SOLE 6000
PSYCHEMEDICS CORPORATION CMN Common Stock 744375205 92058 875 SOLE 92058
PINNACLE AIRLINES CORP CMN Common Stock 723443107 80000 363 SOLE 80000
PPL CORPORATION CMN Common Stock 69351T106 9000 250 SOLE 9000
PERCEPTRON INC CMN Common Stock 71361F100 106403 677 SOLE 106403
PRIMEDIA INC. CMN Common Stock 74157K846 99000 698 SOLE 99000
PRICESMART INC CMN Common Stock 741511109 10605 543 SOLE 10605
COLLECTIVE BRANDS, INC. CMN Common Stock 19421W100 30000 441 SOLE 30000
P.A.M. TRANSPORTATION SVCS INC CMN Common Stock 693149106 101543 1,002 SOLE 101543
PULSE ELECTRONICS CORP CMN Common Stock 74586W106 10000 44 SOLE 10000
PARKVALE FINANCIAL CORP CMN Common Stock 701492100 40857 878 SOLE 40857
PAPA JOHN'S INTERNATIONAL INC. CMN Common Stock 698813102 11000 366 SOLE 11000
QC HOLDINGS, INC. CMN Common Stock 74729T101 30000 120 SOLE 30000
QLT INC. CMN Common Stock 746927102 81489 588 SOLE 81489
QUALITY DISTRIBUTION, INC. CMN Common Stock 74756M102 44300 577 SOLE 44300
RENT-A-CENTER INC CMN Common Stock 76009N100 10000 306 SOLE 10000
RCM TECHNOLOGIES INC CMN Common Stock 749360400 59557 319 SOLE 59557
RESOURCE AMERICA INC CL-A CMN CLASS A Common Stock 761195205 125000 734 SOLE 125000
RICK'S CABARET INTERNATIONAL INC
(NEW) Common Stock 765641303 60658 512 SOLE 60658
RESEARCH IN MOTION LIMITED CMN Common Stock 760975102 71800 2,071 SOLE 71800
GIBRALTAR INDUSTRIES INC CMN Common Stock 374689107 244461 2,767 SOLE 244461
SALEM COMMUNICATIONS CL-A CMN CLASS A Common Stock 794093104 22875 81 SOLE 22875
SANMINA-SCI CORPORATION CMN Common Stock 800907206 10000 103 SOLE 10000
SINCLAIR BROADCAST GROUP INC CMN
CLASS A Common Stock 829226109 29023 319 SOLE 29023
CHARLES SCHWAB CORPORATION CMN Common Stock 808513105 45000 740 SOLE 45000
SERVICE CORP INTERNATL CMN Common Stock 817565104 20000 234 SOLE 20000
STEELCASE INC. CLASS A COMMON STOCK Common Stock 858155203 15000 171 SOLE 15000
SHENGDATECH, INC. CMN Common Stock 823213103 10103 5 SOLE 10103
SED INTERNATIONAL HLDGS INC CMN Common Stock 784109209 50465 257 SOLE 50465
SPAR GROUP INC CMN Common Stock 784933103 895395 1,003 SOLE 895395
SL INDS INC CMN Common Stock 784413106 118554 2,792 SOLE 118554
SELECTICA INC CMN Common Stock 816288203 23127 118 SOLE 23127
SYMMETRY MEDICAL INC. CMN Common Stock 871546206 11681 105 SOLE 11681
SANDISK CORP CMN Common Stock 80004C101 12000 498 SOLE 12000
GT SOLAR INTERNATIONAL, INC. CMN Common Stock 3623E0209 20000 324 SOLE 20000
SUPERTEL HOSPITALITY INC CMN REIT 868526104 707907 651 SOLE 707907
SKYPEOPLE FRUIT JUICE, INC. CMN Common Stock 83086T208 10000 27 SOLE 10000
STEWART INFORMATION SVCS CORP CMN Common Stock 860372101 136078 1,365 SOLE 136078
STEWART ENTERPRISES INC CLASS A Common Stock 860370105 278900 2,036 SOLE 278900
STANLEY FURNITURE INC (NEW) CMN Common Stock 854305208 57263 240 SOLE 57263
STRATUS PPTYS INC CMN Common Stock 863167201 246711 3,306 SOLE 246711
STATE STREET CORPORATION (NEW) CMN Common Stock 857477103 30000 1,353 SOLE 30000
SUMMER INFANT INC CMN Common Stock 865646103 10000 81 SOLE 10000
SENSIENT TECHNOLOGIES CORP CMN Common Stock 81725T100 8000 297 SOLE 8000
SYNALLOY CORP. CMN Common Stock 871565107 10000 136 SOLE 10000
SYPRIS SOLUTIONS INC (DE) CMN Common Stock 871655106 389516 1,605 SOLE 389516
CARROLS RESTAURANT GROUP INC CMN Common Stock 14574X104 227903 2,379 SOLE 227903
TRANSGENOMIC, INC. CMN Common Stock 89365K206 10000 18 SOLE 10000
21ST CENTURY HOLDING CO. CMN Common Stock 90136Q100 33898 92 SOLE 33898
THERAGENICS CORP CMN Common Stock 883375107 13933 25 SOLE 13933
TENET HEALTHCARE CORPORATION CMN Common Stock 88033G100 54109 338 SOLE 54109
TOLL BROTHERS, INC. CMN Common Stock 889478103 10000 207 SOLE 10000
THOMAS PPTYS GROUP INC CMN Common Stock 884453101 301141 967 SOLE 301141
TRINITY BIOTECH PLC SPONSORED ADR CMN ADR 896438306 80425 799 SOLE 80425
TOTAL SYS SVC INC. CMN Common Stock 891906109 30000 557 SOLE 30000
TERRA NOVA ROYALTY CORP CMN Common Stock 88102D103 145266 1,101 SOLE 145266
TOWERS WATSON & CO CMN CLASS A Common Stock 891894107 8000 526 SOLE 8000
TYCO INTERNATIONAL LTD CMN Common Stock H89128104 45000 2,224 SOLE 45000
UNITED CONTINENTAL HOLDING INC CMN Common Stock 910047109 70000 1,584 SOLE 70000
UBICS INC. CMN Common Stock 90261L108 130000 66 SOLE 130000
UNITED BANCSHARES INC OHIO CMN Common Stock 909458101 59700 546 SOLE 59700
UNILEVER N.V. NY SHS (NEW) ADR CMN NY Reg Shrs 904784709 35000 1,150 SOLE 35000
UNITEDHEALTH GROUP INCORPORATE*D CMN Common Stock 91324P102 36000 1,857 SOLE 36000
UNITED ONLINE INC CMN Common Stock 911268100 100000 603 SOLE 100000
UNITED PARCEL SERVICE, INC. CLASS B
COMMON STOCK Common Stock 911312106 34500 2,516 SOLE 34500
UNITED RENTALS, INC. CMN Common Stock 911363109 8000 203 SOLE 8000
U.S. CONCRETE INC CMN Common Stock 90333L201 43762 383 SOLE 43762
USA MOBILITY INC CMN Common Stock 90341G103 80092 1,222 SOLE 80092
U S PHYSICAL THERAPY INC CMN Common Stock 90337L108 70032 1,732 SOLE 70032
UNIVERSAL TECHNICAL INSTITUTE CMN Common Stock 913915104 30660 606 SOLE 30660
VISA INC. CMN CLASS A Common Stock 92826C839 16000 1,348 SOLE 16000
VALASSIS COMMUNICATIONS INC CMN Common Stock 918866104 7000 212 SOLE 7000
VF CORP CMN Common Stock 918204108 10000 1,086 SOLE 10000
VALERO ENERGY CORPORATION CMN Common Stock 91913Y100 30000 767 SOLE 30000
VERINT SYSTEMS, INC. CMN Common Stock 92343X100 65500 2,426 SOLE 65500
VISHAY INTERTECHNOLOGY CMN Common Stock 928298108 17500 263 SOLE 17500
VANGUARD INDEX FUNDS - VANGUAR*D
VALUE VIPERS VANGUARD VALUE ETF ETP 922908744 20000 1,121 SOLE 20000
VIAD CORP CMN Common Stock 92552R406 78727 1,755 SOLE 78727
WALGREEN CO. CMN Common Stock 931422109 49000 2,081 SOLE 49000
WEST COAST BANCORP CMN Common Stock 952145209 14380 241 SOLE 14380
WELLCARE HEALTH PLANS INC CMN Common Stock 94946T106 5000 257 SOLE 5000
WEBCO INDS INC CMN Common Stock 947621207 10707 1,338 SOLE 10707
WILLBROS GROUP, INC CMN Common Stock 969203108 10026 86 SOLE 10026
WILLDAN GROUP INC CMN Common Stock 96924N100 325885 1,287 SOLE 325885
WILLIS LEASE FINANCE CORP CMN Common Stock 970646105 170893 2,290 SOLE 170893
WEST MARINE INC CMN Common Stock 954235107 23019 239 SOLE 23019
WAL MART STORES INC CMN Common Stock 931142103 40000 2,126 SOLE 40000
WARREN RESOURCES INC. CMN Common Stock 93564A100 360000 1,372 SOLE 360000
WESTERN UNION COMPANY (THE) CMN Common Stock 959802109 50000 1,002 SOLE 50000
EXXON MOBIL CORPORATION CMN Common Stock 30231G102 10000 814 SOLE 10000
U-STORE-IT TRUST CMN REIT 91274F104 10600 112 SOLE 10600
SEALY CORPORATION CONV PFD Preferred
USD0.0000(0.00%) PFD Stock 812139400 21787 1,665 SOLE 21787